After showing improvement in early 2018, economy has showed signs of a slowdown in third quarter of FY19.
There will be opportunities as well as threats for India as superpowers America and China joust.
India is having to import opium byproduct codeine phosphate and is in danger of losing its leadership in the international legal narcotics trade.
If established that alleged dumping has caused material injury to the domestic manufacturer, the DGTR would recommend imposition of anti-dumping duty on the imports.
China has showcased such tendency and dumped its products at predatory rates in many markets, including India.
Uzbekistan has developed an investment program comprising 908 projects
Trump has obsessed over India's levies on Harley bikes and complained about its $24.3 bn surplus in US trade.
FDI inflows in India are on a decline as local opposition and protectionism get in the way of investments.
The Federation of Indian Export Organisations (FIEO) said the trade war between the US and China is benefitting India.
At least 50 containers of Afghan goods ready to be exported through Chabahar port for Indian and Chinese markets have been disrupted due to financial obstacles.
Trump announced that the US intends to terminate India's designations as a beneficiary developing country under the GSP programme.
Sushma Swaraj told her visiting Iranian foreign minister Javad Zarif that decision on oil purchase from Iran will be taken after the elections keeping in mind India’s commercial considerations, energy security and economic interests. India, the world’s third-biggest oil consumer, meets more than 80% of its oil needs through imports.
In the first quarter of 2019, GSP saved American companies USD 285 million. That is USD 63 million more than the first quarter of 2018 itself a record-shattering year.
A notification of the finance ministry said that implementation of increased customs duty on specified imports originating in the US has been postponed from May 16 to June 16 this year.
Since last year, China and the United States have been locked in a trade conflict as Washington seeks to fix the trade balance, currently tilted in favour of Beijing.
As part of reforms in the WTO, the US is arguing that countries which are doing well in terms of economic growth and prosperity should not be allowed S&DT benefits.
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